another presso out, page-7

It means capex of $107mill is on the high side so expect it to be less. I think we are looking at maybe a requirement of $50 mill required in the next 4-5 months and the rest wont be required closer to a year from now.

The project based on the figures presented will pay back in less than a year. The phosphate price chart is promising too. You can see that take away the short massive spike, in Aus$ terms the phosphate price has held up very well at around $400AUS. This is partly because of the US$ strengthening against the AUS$. These prices are sustainable in my view and therefore makes MAK very very profitable.